Hudbay Announces Election of Directors

Rhea-AI Summary

On May 10, 2022, Hudbay Minerals Inc. (TSX, NYSE: HBM) announced that all eleven nominated directors were elected during its Annual and Special Meeting of Shareholders. The detailed voting results indicate strong support for most nominees, with percentages of votes in favor generally exceeding 92%. Notably, David Smith received a lower approval percentage of 79.13%. Hudbay operates in mining, focusing on copper, zinc, and precious metals, with assets spanning Canada and Peru.

Positive

• All eleven nominated directors were successfully elected, indicating shareholder confidence.
• High percentages of votes in favor for most nominees, reflecting solid governance support.

Negative

• David Smith's election received only 79.13% approval, suggesting potential shareholder concerns.

TORONTO, May 10, 2022 (GLOBE NEWSWIRE) -- Hudbay Minerals Inc. (“Hudbay” or the “company”) (TSX, NYSE: HBM) today announced that each of the eleven individuals nominated for election as a director of Hudbay at the company’s Annual and Special Meeting of Shareholders held on May 10, 2022 was elected.

The detailed voting results are set out below:

Director	Number of  Votes FOR	Number of Votes Withheld	Percentage of Votes FOR
Carol T. Banducci	188,653,121	698,372	99.63%
Igor A. Gonzales	188,648,494	702,998	99.63%
Richard Howes	187,932,660	1,418,832	99.25%
Sarah B. Kavanagh	187,443,578	1,907,915	98.99%
Carin S. Knickel	185,910,085	3,441,408	98.18%
Peter Kukielski	188,889,364	462,128	99.76%
George E. Lafond	188,679,056	672,437	99.65%
Stephen A. Lang	176,053,789	13,297,704	92.98%
Daniel Muñiz Quintanilla	188,706,763	644,730	99.66%
Colin Osborne	188,873,199	478,293	99.75%
David Smith	149,837,441	39,514,051	79.13%

About Hudbay

Hudbay (TSX, NYSE: HBM) is a diversified mining company primarily producing copper concentrate (containing copper, gold and silver), zinc metal and silver/gold doré. Directly and through its subsidiaries, Hudbay owns three polymetallic mines, four ore concentrators and a zinc production facility in northern Manitoba and Saskatchewan (Canada) and Cusco (Peru), and copper projects in Arizona and Nevada (United States). The company’s growth strategy is focused on the exploration, development, operation and optimization of properties it already controls, as well as other mineral assets it may acquire that fit its strategic criteria. Hudbay’s mission is to create sustainable value through the acquisition, development and operation of high-quality, long-life deposits with exploration potential in jurisdictions that support responsible mining, and to see the regions and communities in which the company operates benefit from its presence. The company is governed by the Canada Business Corporations Act and its shares are listed under the symbol "HBM" on the Toronto Stock Exchange, New York Stock Exchange and Bolsa de Valores de Lima. Further information about Hudbay can be found on www.hudbay.com.

For further information, please contact:

Candace Brûlé
Vice President, Investor Relations
(416) 814-4387
candace.brule@hudbay.com

FAQ

What were the results of Hudbay Minerals Inc.'s Annual Meeting on May 10, 2022?

All eleven nominated directors were elected, with most receiving over 92% approval.

Who are the newly elected directors of Hudbay Minerals Inc.?

Eleven individuals were nominated and elected, including notable members like Carol T. Banducci and Peter Kukielski.

What is the significance of David Smith's election percentage at Hudbay Minerals?

David Smith received only 79.13% approval, indicating shareholder concerns compared to the other directors.

When did Hudbay Minerals Inc. hold its Annual and Special Meeting of Shareholders?

The meeting was held on May 10, 2022.

What is the stock symbol for Hudbay Minerals?

The stock symbol for Hudbay Minerals is HBM, listed on TSX and NYSE.